U.S. Global Investors (NASDAQ:GROW) Now Covered by StockNews.com

StockNews.com began coverage on shares of U.S. Global Investors (NASDAQ:GROW) in a research report released on Sunday morning. The brokerage issued a hold rating on the asset manager’s stock.

U.S. Global Investors Stock Performance

NASDAQ GROW opened at $2.44 on Friday. The company has a market cap of $33.01 million, a P/E ratio of 18.77 and a beta of 1.82. The business’s 50 day moving average price is $2.44 and its 200-day moving average price is $2.48. U.S. Global Investors has a fifty-two week low of $2.38 and a fifty-two week high of $2.95.

U.S. Global Investors (NASDAQ:GROW) last announced its earnings results on Wednesday, February 12th. The asset manager reported ($0.01) earnings per share for the quarter. U.S. Global Investors had a net margin of 18.23% and a return on equity of 3.68%.

U.S. Global Investors Announces Dividend

The firm also recently announced a dividend, which was paid on Monday, January 27th. Stockholders of record on Tuesday, January 14th were paid a dividend of $0.0075 per share. The ex-dividend date was Monday, January 13th. This represents a dividend yield of 3.7%. U.S. Global Investors’s dividend payout ratio is 69.24%.

Institutional Investors Weigh In On U.S. Global Investors

Institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its position in shares of U.S. Global Investors by 7.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 61,944 shares of the asset manager’s stock worth $151,000 after purchasing an additional 4,338 shares during the last quarter. XTX Topco Ltd bought a new position in shares of U.S. Global Investors in the fourth quarter worth about $26,000. Gator Capital Management LLC increased its stake in U.S. Global Investors by 52.3% in the 4th quarter. Gator Capital Management LLC now owns 450,817 shares of the asset manager’s stock worth $1,100,000 after buying an additional 154,836 shares during the period. Finally, Samalin Investment Counsel LLC bought a new stake in U.S. Global Investors during the 4th quarter valued at about $41,000. 23.62% of the stock is owned by institutional investors.

U.S. Global Investors Company Profile

U.S. Global Investors, Inc is a publicly owned investment manager. It primarily provides its services to investment companies. The firm is a large advisory firm, an investment adviser to an investment company which provides portfolio management for investment companies. The firm manages and launches equity/balanced funds, fixed income funds and other funds.